--- title: Our Blog - AMF Divorce | Financial Planning description: Financial Planning | From mortgage professionals to therapists to attorneys, the team at A.M. Financial works closely with these types of professionals. --- ## A.M. Financial - [Services](https://amf-divorce.com/divorce-transition-services) - [Service Plan](https://amf-divorce.com/service-plan) - [Frequently Asked Questions](https://amf-divorce.com/frequently-asked-questions) - [Our Blog](https://amf-divorce.com/our-blog) - [About Amy](https://amf-divorce.com/about-amy) - [Contact Us](https://amf-divorce.com/contact-us) - [Services](https://amf-divorce.com/divorce-transition-services) - [Services](https://amf-divorce.com/divorce-transition-services) - [Service Plan](https://amf-divorce.com/service-plan) - [Frequently Asked Questions](https://amf-divorce.com/frequently-asked-questions) - [Our Blog](https://amf-divorce.com/our-blog) - [About Amy](https://amf-divorce.com/about-amy) - [Contact Us](https://amf-divorce.com/contact-us) [Book a Meeting](https://calendly.com/amymahlenmelander/consultdivorcefinancialplanning) Posts about # Financial Planning ## [Separating Emotion From Money in Divorce](https://amf-divorce.com/our-blog/separating-emotion-from-money-in-divorce) January 02, 2026 Divorce is rarely about just money. It’s about trust, fear, grief, anger, and uncertainty for the future. Yet, at the same time, it *is* also about money: how it’s divided, how income is handled, and... [CONTINUE READING](https://amf-divorce.com/our-blog/separating-emotion-from-money-in-divorce) ## [Post-Settlement Financial Support](https://amf-divorce.com/our-blog/post-settlement-financial-support) December 02, 2025 For many people, the hardest part of divorce seems like the negotiation itself, and sorting through assets, discussing support, weighing options, and finally reaching an agreement. But as a [CDFA](https://amf-divorce.com/our-blog/empowering-clients-and-attorneys-in-high-conflict-divorce-cases-the-role-of-a-cdfa),... [CONTINUE READING](https://amf-divorce.com/our-blog/post-settlement-financial-support) ## [Vocational Assessments in Divorce](https://amf-divorce.com/our-blog/vocational-assessments-in-divorce) November 12, 2025 When one spouse is unemployed, caring for children and household needs, or is viewed as being ‘under-employed’, a vocational assessment can play an important role in determining fair child and/or... [CONTINUE READING](https://amf-divorce.com/our-blog/vocational-assessments-in-divorce) ## [How to Address Bonus Income in Spousal Support](https://amf-divorce.com/our-blog/how-to-address-bonus-income-in-spousal-support) October 01, 2025 One of the questions I often encounter when working with clients going through a divorce and seeking creative solutions is how to handle bonus income in spousal support calculations. Bonus income can... [CONTINUE READING](https://amf-divorce.com/our-blog/how-to-address-bonus-income-in-spousal-support) ## [What Happens to Joint Accounts, Credit Cards, and Debt in Divorce?](https://amf-divorce.com/our-blog/what-happens-to-joint-accounts-credit-cards-and-debt-in-divorce) June 06, 2025 Some of the most common and emotionally charged financial concerns in divorce involve joint accounts, credit cards, and debt. These shared obligations can quickly become a source of confusion and... [CONTINUE READING](https://amf-divorce.com/our-blog/what-happens-to-joint-accounts-credit-cards-and-debt-in-divorce) ## [What to Include When Dividing Investments in Divorce](https://amf-divorce.com/our-blog/what-to-include-when-dividing-investments-in-divorce) May 05, 2025 For many divorcing couples, splitting investment accounts can be one of the most complex and emotionally charged aspects of divorce. These accounts are far more than numbers on a spreadsheet and... [CONTINUE READING](https://amf-divorce.com/our-blog/what-to-include-when-dividing-investments-in-divorce) ## [How to Handle Spousal Support When the Payor Retires](https://amf-divorce.com/our-blog/how-to-handle-spousal-support-when-the-payor-retires) April 02, 2025 Retirement is a significant life event that can lead to complex financial questions, especially for those who are paying or receiving spousal support. Whether you are [negotiating spousal support](https://amf-divorce.com/our-blog/navigating-financial-transitions-approaches-for-a-smooth-transition) in... [CONTINUE READING](https://amf-divorce.com/our-blog/how-to-handle-spousal-support-when-the-payor-retires) ## [FAFSA Changes for Divorced Parents: What You Need to Know](https://amf-divorce.com/our-blog/fafsa-changes-for-divorced-parents-what-you-need-to-know) July 08, 2024 If you're a divorced parent or currently going through a divorce, the college application process can be particularly confusing. Applying for colleges, scholarships, and financial aid is complicated... [CONTINUE READING](https://amf-divorce.com/our-blog/fafsa-changes-for-divorced-parents-what-you-need-to-know) ## [Establishing Goals and Priorities for Your Divorce Before It Starts](https://amf-divorce.com/our-blog/establishing-goals-and-priorities-for-your-divorce-before-it-starts) February 02, 2024 If you’ve made the [decision to get a divorce](https://amf-divorce.com/our-blog/divorce-a-catalyst-for-change), you may wonder where to start the intricate and emotionally-charged process. Beginning with a clear understanding of your goals and priorities can... [CONTINUE READING](https://amf-divorce.com/our-blog/establishing-goals-and-priorities-for-your-divorce-before-it-starts) ## [8 Things To Do if You Are Waiting for the New Year to Divorce](https://amf-divorce.com/our-blog/8-things-to-do-if-you-are-waiting-for-the-new-year-to-divorce) December 01, 2023 Starting a new chapter in life, especially when it involves a significant change like divorce, involves both [emotional and logistical considerations](https://amf-divorce.com/our-blog/managing-the-money-crazies-in-divorce-navigating-emotional-turbulence). If you find yourself waiting for the new year to... [CONTINUE READING](https://amf-divorce.com/our-blog/8-things-to-do-if-you-are-waiting-for-the-new-year-to-divorce) - - [1](https://amf-divorce.com/our-blog) - [2](https://amf-divorce.com/our-blog/tag/financial-planning/page/2) - [3](https://amf-divorce.com/our-blog/tag/financial-planning/page/3) - ##### About Amy With compassion and patience, Amy focuses on her client’s unique priorities to build a financial road map that provides clarity to make informed decisions today regarding the future. ##### Links - [Home](https://amf-divorce.com) - [Services](https://amf-divorce.com/divorce-transition-services) - [Our Blog](https://amf-divorce.com/our-blog) - [About Amy](https://amf-divorce.com/about-amy) - [Contact Us](https://amf-divorce.com/contact-us) - [Schedule a Meeting](https://calendly.com/amymahlenmelander) ©2026 Copyright. All rights reserved. A.M. Financial provides supporting financial information, evaluation and analysis to be utilized by the client and the client’s selected attorney if directed, during the process of their divorce. ervices provided in regards to this agreement are solely fee-only and do not involve investment or security advice or insurance transactions. All information is financial in nature and should not be construed or relied upon as legal or tax advice. A.M. Financial IS NOT AN ATTORNEY AND DOES NOT PROVIDE LEGAL OR TAX ADVICE. Individuals are encouraged to seek competent legal and tax advice from professionals who specialize in divorce and tax laws in their respective state. Amy Melander (CRD #4692263) is an Investment Adviser Representative of OneDigital Investment Advisors, LLC (ODIA). ODIA and A.M. Financial are independent and unaffiliated entities. ODIA does not offer or provide divorce financial planning services and any statements and/or opinions expressed by A.M. Financial do not represent the views and/or opinions of ODIA.   This website is a publication of A.M. Financial. Information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. Content should not be viewed as personalized investment advice or as an offer to buy or sell, or a solicitation of any offer to buy or sell the securities mentioned herein. A professional adviser should be consulted before implementing any of the strategies presented. Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements. ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "articleBody" : "Divorce is rarely about just money. It’s about trust, fear, grief, anger, and uncertainty for the future. Yet, at the same time, it is also about money: how it’s divided, how income is handled, and how each person will move forward financially. As a financial professional working with people during divorce, I see how often emotional pain and financial decisions become intertwined, and how costly that combination can be. Separating emotion from money doesn’t mean ignoring your feelings. It means recognizing them without letting them run your financial life. When emotions drive financial decisions, people are more likely to make choices they later regret. When money is handled thoughtfully, people protect their future and their peace of mind. Why Emotions Run So High Around Money Money is never just money in a marriage. It can represent power, security, freedom, self-worth, and fear. When a relationship ends, those emotions don’t disappear, and they often intensify. A bank account can turn into a symbol of betrayal. A retirement account can feel like injustice or punishment. The house can feel like safety or loss. These emotional attachments are completely human. But they can complicate negotiations when financial decisions start becoming emotional battlegrounds rather than practical solutions. Wanting to “win” an asset, refusing to compromise, or making choices to punish the other person often creates outcomes that damage long-term financial stability. The Cost of Emotional Decision-Making When emotion drives financial decisions, the cost shows up in clear patterns: Fighting over assets that carry emotional weight but little financial value Rejecting reasonable settlements out of anger or mistrust Overspending on legal fees to pursue small financial gains Making investment decisions based on fear rather than strategy Agreeing to short-term comfort that leads to long-term hardship Financial decisions made in emotional moments often feel satisfying in the moment but painful in hindsight. A settlement should support your future, and not reflect the worst moments of your past. Creating Emotional Distance From Financial Choices You don’t have to feel neutral to make neutral decisions. What you need is perspective, structure, and support. Working with a financial professional during divorce helps introduce objectivity into a process that often feels overwhelming. By shifting the conversation from “What does this mean emotionally?” to “What does this mean financially?” clients gain clarity. Instead of focusing on the symbolism of an account or asset, we focus on sustainability, cash flow, retirement readiness, and long-term security. Some practical ways to create distance include: Viewing assets in terms of function, not symbolism Evaluating settlements by future impact, not current emotion Considering tax consequences, not just dollar amounts Running projections instead of relying on hope or fear Building scenarios to understand trade-offs before deciding When financial decisions are grounded in data and planning, people regain a sense of control, even when everything else feels uncertain. The Goal Isn’t Fairness; It is Stability Many people enter divorce focused on what feels fair. But emotional fairness doesn’t always align with financial stability. A settlement that looks even on paper may not produce equal outcomes over time. What matters is whether the agreement actually works for your income, your expenses, your goals, and your future. A strong financial plan helps answer hard questions: Can you afford to keep the house? Will support truly meet your needs? What happens when support ends? Are you set up for retirement? Will this agreement allow you to move forward, or just survive? These aren’t emotional questions. They are life-design questions. Moving Forward With Clarity Divorce will always be emotionally charged. But your financial future doesn’t have to be built on emotional decisions. When money is approached with strategy instead of reaction, divorce becomes not just an ending but a foundation for a new beginning. With guidance, objectivity, and a plan, it becomes possible to separate what you’re feeling from what you’re deciding. And often, making wise financial decisions is one of the most empowering ways to regain stability and confidence after divorce. If you’re struggling to untangle the emotional and financial sides of divorce, working with a financial professional who understands both can help bring clarity and calm into the process. You don’t have to do this alone and you don’t have to let today’s pain define tomorrow’s security. Contact us to learn more.", "author" : { "@type" : "Person", "name" : "Amy Mahlen", "sameAs" : "", "url" : "https://amf-divorce.com/our-blog/author/amy-mahlen" }, "dateModified" : "02/01/2026", "datePublished" : "02/01/2026", "headline" : "Separating Emotion From Money in Divorce", "image" : { "@type" : "ImageObject", "height" : 400, "url" : "https://39875594.fs1.hubspotusercontent-na1.net/hubfs/39875594/Imported_Blog_Media/qtq80-nwwbKM-1536x1011.jpeg", "width" : 750 }, "mainEntityOfPage" : "https://amf-divorce.com/our-blog/separating-emotion-from-money-in-divorce", "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "" }, "name" : "A.M. Financial", "url" : "amf-divorce.com" } } ``` ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "articleBody" : "For many people, the hardest part of divorce seems like the negotiation itself, and sorting through assets, discussing support, weighing options, and finally reaching an agreement. But as a CDFA, I’ve learned that implementing those decisions is often just as challenging. The truth is that divorce does not feel complete simply because the papers are signed. A settlement is a roadmap, but someone still has to do the driving. For many people, that journey feels overwhelming, confusing, and emotionally exhausting, especially when navigating it alone. Post-settlement financial support can often make all the difference. With a clear plan, steady guidance, and someone to walk through each step with you, the transition becomes far more manageable. A knowledgeable partner who understands the financial implications of this stage of the process can help ensure that every detail is handled correctly, every requirement is met, and every decision aligns with your long-term financial stability. Why Post-Settlement Support Matters Even the cleanest, most straightforward divorce agreement requires careful follow-through. Clients often underestimate the sheer volume of tasks that come after the decree is entered, including opening new accounts, transferring investments, retitling assets, updating beneficiaries, establishing new insurance, and taking care of the dozens of small but important steps that make the financial transition complete. This work is particularly stressful because it comes at a time when people are often emotionally drained. It’s common for individuals to feel unsure where to begin, afraid of making a mistake, or simply too overwhelmed to keep track of the deadlines and documentation required. Post-settlement support fills that gap with someone who understands the agreement, knows the financial landscape, and can guide the process from start to finish. What This Support Looks Like in Practice Working with individuals after their divorce helps them carry out the financial terms of their settlement. The process is highly personalized. By creating a clear sequence of steps, clients can move through each one. This includes setting up new accounts, establishing online access, completing transfer paperwork, and making sure that every asset is moved and titled correctly. A large part of this work also involves making transfers in a tax-efficient way, which is something many people understandably struggle to navigate on their own. Much of the support is hands-on and can include joining clients on calls with financial institutions to help ensure nothing gets missed or mishandled. Confirming beneficiary changes, review account titling decisions, and walking clients through updates to credit cards, phone plans, insurance coverage, and other elements of financial life that are impacted by divorce are common steps. For many, the process also includes preparing for the purchase of a new home, which requires thoughtful planning around cash availability, timing, and asset transfers. For those who want continued guidance, long-term financial planning, budgeting, and investment management are helpful services. Some clients choose to work together beyond the immediate post-divorce period so they can build a more solid financial foundation for the next stage of their lives. A divorce settlement outlines the plan. But the real transformation happens when that plan is carried out with care, clarity, and attention to detail. Post-settlement financial support ensures that every step is handled correctly and that individuals can move forward with confidence and not confusion. If you or someone you know needs support implementing the financial terms of a divorce, or if you’re an attorney seeking a trusted resource for clients after their case concludes, we’re here to help. Clients begin with a brief consultation where we determine the scope of support they need. Some choose comprehensive guidance throughout the entire implementation process, while others prefer help with specific tasks. Either way, they don’t have to navigate the transition alone. With the right support, the process becomes smoother, more organized, and aligned with their long-term financial goals.", "author" : { "@type" : "Person", "name" : "Amy Mahlen", "sameAs" : "", "url" : "https://amf-divorce.com/our-blog/author/amy-mahlen" }, "dateModified" : "02/12/2025", "datePublished" : "02/12/2025", "headline" : "Post-Settlement Financial Support", "image" : { "@type" : "ImageObject", "height" : 400, "url" : "https://39875594.fs1.hubspotusercontent-na1.net/hubfs/39875594/Imported_Blog_Media/qtq80-uhWlNr.jpeg", "width" : 750 }, "mainEntityOfPage" : "https://amf-divorce.com/our-blog/post-settlement-financial-support", "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "" }, "name" : "A.M. Financial", "url" : "amf-divorce.com" } } ``` ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "articleBody" : "When one spouse is unemployed, caring for children and household needs, or is viewed as being ‘under-employed’, a vocational assessment can play an important role in determining fair child and/or spousal support. Simply put, a vocational assessment is an expert evaluation of someone’s earning capacity or what they could reasonably earn based on their background, education, skills, and current job market conditions. The evaluator’s findings can then be used to establish “imputed income,” meaning the income a person is capable of earning, even if they’re not currently earning it. Understanding how vocational assessments work, when to request one, or understanding that your spouse can request one for you, can help both spouses plan more effectively for their financial future. For the Higher-Earning Spouse If you’re the spouse who’s been the primary earner, you might worry that your support payments will be based on the unfair assumption that your former partner can’t contribute financially. A vocational assessment can bring clarity and objectivity to that question. Pros: Objective evidence: A professional evaluator provides independent data on your spouse’s earning potential. Equitable support calculations: The court can base support on potential income, not just current (or nonexistent) income. Encourages self-sufficiency: The assessment can motivate your ex to reenter the workforce, reducing long-term dependency. Planning advantage: You can anticipate future support scenarios and budget accordingly. Cons: Cost: You’ll likely pay for all or part of the assessment, especially if you’re the one requesting it. Delays: Scheduling and completing the evaluation can add time to your case. Uncertainty: The evaluator’s opinion is just one factor; the court may still rule differently. Potential conflict: Requesting an assessment can heighten tensions, especially if your ex feels undermined by the assessment. For the Lower-Earning or Non-Working Spouse If you’ve been out of the workforce because you have been raising children, managing the household, or supporting your spouse’s career, the idea of a vocational assessment can be unsettling. But it’s not necessarily bad news. A good evaluator will consider your entire picture, including your education, experience, health, age, and family responsibilities. Pros: Clarity and direction: The report can highlight realistic career paths, training options, and earning potential. Empowerment: Understanding your marketable skills can support long-term independence and confidence. Transparency: A thorough evaluation ensures your financial capacity isn’t underestimated or exaggerated by guesswork. Negotiation tool: The report can be used to advocate for reasonable expectations around job reentry or retraining time. Cons: Pressure to return to work: You may feel pushed to work before you’re ready, especially if caregiving duties or health issues are involved. Possible overestimation: Some reports may assume an earning potential that doesn’t reflect your real-world situation. Emotional stress: Being evaluated after years out of the workforce can feel uncomfortable or invasive. Financial impact: If the court imputes a higher income than you actually earn, it could reduce your support. Plan Ahead Many divorcing couples don’t learn about vocational assessments until they’re deep into negotiations, and when it’s too late to plan around them. Whether you’re the higher earner or the lower earner, knowing that this tool exists early on can help you and your team (attorney, financial expert, or CDFA) propose support options that are fair and realistic. A vocational assessment is about understanding capacity. For one spouse, it can mean ensuring financial fairness; for the other, it can be a first step toward rebuilding independence and a realistic career path. Vocational assessments can be powerful tools in creating equitable financial outcomes, but they can also introduce complexity and emotion into an already complex and emotionally-charged process. With the right professional guidance and open communication, both parties can utilize the information as a roadmap toward achieving financial stability and balance after divorce. Understanding how imputed income affects support can significantly impact your long-term financial planning. Our team helps clients evaluate how vocational assessments and potential income findings may influence their budgets and settlement options. Contact us to learn more about how we can support you through the financial side of divorce.", "author" : { "@type" : "Person", "name" : "Amy Mahlen", "sameAs" : "", "url" : "https://amf-divorce.com/our-blog/author/amy-mahlen" }, "dateModified" : "12/11/2025", "datePublished" : "12/11/2025", "headline" : "Vocational Assessments in Divorce", "image" : { "@type" : "ImageObject", "height" : 400, "url" : "https://39875594.fs1.hubspotusercontent-na1.net/hubfs/39875594/Imported_Blog_Media/qtq80-uCY19b.jpeg", "width" : 750 }, "mainEntityOfPage" : "https://amf-divorce.com/our-blog/vocational-assessments-in-divorce", "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "" }, "name" : "A.M. Financial", "url" : "amf-divorce.com" } } ``` ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "articleBody" : "One of the questions I often encounter when working with clients going through a divorce and seeking creative solutions is how to handle bonus income in spousal support calculations. Bonus income can include cash bonuses based on performance or retention, or incentive-based that may include restricted stock units (RSUs) or performance stock units (PSUs), referred to as executive compensation. First, it’s imperative to work with an attorney to determine if there is a legal basis for the income to be subject to spousal support considerations. If it is determined to be included in the support conversation, then structuring how it will be paid out can be very important to both parties' future financial planning and oftentimes involves complex financial considerations. Here are some key considerations when thinking about bonus income and spousal support. Structuring Bonus Income in Spousal Support When it comes to incorporating bonus income into spousal support, there isn’t a one-size-fits-all solution. How bonus income is structured into both parties' cash flow can significantly impact their financial stability after divorce. Therefore, thoughtfully creating a plan that reflects timing and net earnings while accounting for variability, predictability, and long-term budgeting needs is crucial. Below are some common approaches and considerations to help guide this process. Include Bonus Income in Monthly Support Some agreements incorporate bonus income into a fixed monthly support amount. For example, spousal support might be set at $4,000 per month, which is based on both parties' income (actual or inputted) that includes historical average bonus amounts. Pros for the recipient: Provides steady, predictable support. Extremely important if trying to qualify for future mortgage lending needs. Cons for the recipient: Does not account for potential increases in bonus amounts in the future. Pros for the payor: Clear, concrete monthly payment. Cons for the payor: Can be difficult if bonuses fluctuate (or could decrease in the future) and regular monthly salary income is significantly lower. Separate Base Support and Bonus Income Another approach is to calculate monthly spousal support with base income only, such as $2,000 per month, and then allocate bonus income separately as a percentage. Pros for the recipient: Provides flexibility to adjust for variable bonuses and can feel more equitable if they believe future income will increase Cons for the recipient: Must have enough regular income to cover monthly needs or have sufficient assets to cover expenses during periods without bonus income support periods. Pros for the payor: Can be easier to manage support if the monthly base income is substantially lower. It may also be a good option if they believe future bonus income may decrease. Cons for the payor: Requires ongoing tracking and communication about bonus amounts (may also be a con for the recipient). Defining Bonus Types and Continuity in Agreements It’s important to clarify what kinds of bonuses are included in support arrangements: performance, annual, retention, new employment signing bonuses, stock-based awards (RSUs/PSUs), etc. Additionally, addressing future potential job changes or new types of bonuses for the payor allows for possible changes and helps ensure the agreement remains relevant and equitable over time. Gross Versus Net Bonus Splits Once you’ve decided how to structure bonus income in your support calculations, the next step is determining whether to base the split on gross or net amounts. This choice can have a significant impact on both predictability and fairness. Understanding the differences, along with the factors that affect each approach, can help ensure the arrangement works smoothly for both parties over time and minimize possible disagreements and future conflict. Net Bonus Split: The receiving party gets a percentage of the net bonus after payroll withholdings. Challenges: Net income can fluctuate depending on tax withholdings, retirement contributions, and other deductions. Specificity it is critical and important to clarify which payroll withholdings are relevant in determining the net split amount, such as federal, state, and local taxes, retirement contributions, social security, insurance deductions, 401k loan payments, employee stock purchases, etc. Be aware that employers may employ the supplement tax rate to bonus income, which is 22% withholding rate, and do not aggregate the bonus income to the employee's total income, which would reflect a more comprehensive tax withholding. When this occurs, the spouse may complain about owing a large amount in income taxes each year. This effect can create a lot of anxiety to the payor spouse, especially if they are in a higher tax bracket, if not understood, and can hinder attempts toward settlement. Be sure to include in your agreement which payroll withholdings are included in determining net income amount subject to split. Another item to consider for higher income earners is if social security tax withholding should be considered in net if the employee’s base income is above the social security max income threshold annually. Gross Bonus Split: The receiving party gets a percentage of the gross bonus. Pros: Allows for the employee to have future payroll changes without having those changes affect the intended support. To determine an appropriate gross split percentage, subtract the total tax percentage amounts from 100%, and apply the split amount to the remaining amount - such as 50% or 40% (this amount is typically negotiated between the parties). For example, if the payor is in the 35% federal tax bracket, and the Colorado income tax rate is 4%, the parties agree to not include FICA withholdings, and the party will be subject to 1% Additional Medicare Tax for single taxpayers earning above $200,000 - 100% less 40% applicable taxes leaves 60% to be divided between the parties. If the parties agree to a 50% split of the remaining 60%, then 30% of the gross amount will be provided as support. If the parties agree to a 40% split of the remaining 60%, then 24% of the gross amount will be provided as support. The gross split method can address worries surrounding the lower supplement tax withholding that a payor may experience due to large annual tax payments when completing their tax return. Planning Ahead Even with a clear structure and a defined split, bonus income can be unpredictable. Taking the time to plan ahead allows both parties to anticipate fluctuations, align support with real expenses, and create a financial plan that supports long-term stability. Thoughtful planning can help prevent surprises and ensure the support arrangement remains workable as circumstances change. Choosing the right approach starts with mapping out your post-divorce budget and answering questions around the predictability of bonus income, whether a gross or net split better aligns with long-term financial needs, and deciding how fluctuations affect your ability to cover expenses and maintain stability. Taking time to explore these questions with a financial professional can help you make informed decisions and reduce the likelihood of needing adjustments later. Thoughtful planning turns an unpredictable income source into a manageable part of your post-divorce financial picture for budgeting purposes. Contact us to learn more about modeling options and deciding the best way to address bonus income in Spousal Support.", "author" : { "@type" : "Person", "name" : "Amy Mahlen", "sameAs" : "", "url" : "https://amf-divorce.com/our-blog/author/amy-mahlen" }, "dateModified" : "01/10/2025", "datePublished" : "01/10/2025", "headline" : "How to Address Bonus Income in Spousal Support", "image" : { "@type" : "ImageObject", "height" : 400, "url" : "https://39875594.fs1.hubspotusercontent-na1.net/hubfs/39875594/Imported_Blog_Media/qtq80-xLNCRq-1024x778.jpeg", "width" : 750 }, "mainEntityOfPage" : "https://amf-divorce.com/our-blog/how-to-address-bonus-income-in-spousal-support", "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "" }, "name" : "A.M. Financial", "url" : "amf-divorce.com" } } ``` ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "articleBody" : "Some of the most common and emotionally charged financial concerns in divorce involve joint accounts, credit cards, and debt. These shared obligations can quickly become a source of confusion and long-term financial stress if not handled carefully. As a Certified Divorce Financial Analyst (CDFA), I often help clients strategically navigate and provide clarity in these divorce situations. In this post, I discuss how you could approach these assets and liabilities as you move through divorce, and how you might protect your financial future in the process. Joint bank accounts Joint accounts offer simplicity and transparency during a marriage. Regardless of which spouse contributes more income, both parties typically have equal access and ownership. That equality, however, becomes complicated once divorce proceedings begin. Courts often treat joint account balances as marital property, and unilateral withdrawals, especially large or unexplained ones, can reflect poorly on the withdrawing party. If you suspect your spouse may misuse joint funds, work with your attorney to freeze or monitor the accounts. At a minimum, start keeping detailed records of all deposits, withdrawals, and transfers, especially if any funds are used for separate obligations like legal retainers or housing costs. Opening your own individual checking account early in the process is a smart, proactive move. Eventually, you’ll need it anyway for receiving income and managing post-divorce expenses. It’s also a step toward regaining a sense of financial independence. Clear communication during this time is critical. If you anticipate a change in income or household bills, make your spouse aware of it, and ideally document the agreement in writing. Many divorcing couples continue using their joint accounts during the divorce process, especially to pay ongoing household expenses, as long as both parties cooperate and neither is at risk of financial harm. Joint credit cards Shared credit cards can be trickier. Even if your divorce decree states that your spouse is responsible for the joint credit card, the credit card company doesn’t care. If your name is on the account, you're still legally responsible. Therefore, consider addressing joint credit cards more aggressively in your proceedings and decree. Failure by either party to make payments can hurt both credit scores and that is something you’ll want to avoid, especially if you plan to refinance, buy a home, or secure a car loan, post-divorce. Try to keep your credit utilization below 50% of the card’s limit, and pay down balances where possible. Ideally, joint credit cards should be paid off and closed along with finalizing your divorce. If closing the account immediately isn’t an option, request that the account be frozen to prevent further charges and ask the creditor for written confirmation. You might also consider transferring joint balances to individual cards, so responsibility is clearly divided. These steps can, and should, be incorporated into your divorce decree. Mortgages, auto loans, and other debt Mortgages, car loans, and personal loans are often co-signed, meaning both spouses are equally liable, regardless of what the divorce decree says. If one spouse is keeping the home or the vehicle, the loan should ideally be refinanced in that person's name. Refinancing or completing a formal loan assumption removes the non-responsible spouse from the obligation and protects their credit and borrowing power. If refinancing isn’t possible, selling the asset and dividing the proceeds may be the cleanest option. Be sure to weigh tax implications before finalizing any decisions. For assets that one spouse retains (like the marital home), make sure there’s a written agreement regarding who will make payments and when. Structure and clarity help prevent confusion, missed payments, or future litigation. Is the debt really joint? Not all debt is created equal, or truly shared. Review your credit reports and account statements closely. A debt is typically considered joint if both names appear on the statement or both parties are listed on the credit report. In contrast, if you’re just an “authorized user,” you can usually be removed without affecting the original account holder. That said, don’t rush to close accounts if you need access to credit soon (for example, to refinance a home). Closing accounts can temporarily lower your credit score, which could complicate your financial goals. However, if there’s risk of misuse, closing accounts may still be the best choice. Consider making at least the minimum payments on all debts during the divorce, even if a particular bill isn’t technically yours. Debt division in divorce varies by state. In general, courts look at factors such as: Who incurred the debt and for whose benefit? Was the debt used for marital expenses or something separate? Is the debt tied to an asset that one spouse will keep? Do either party’s income or financial needs play a role? A CDFA can help you model different division scenarios to understand how they’ll affect your long-term financial health. Proactive step to take During or even prior to your divorce negotiations, take these important steps to understand more about your joint account, debt, and credit situation: Get a full credit report: This gives you visibility into all debts, both joint and individual. Document payments: Especially those made toward joint debt while separated. Engage a financial professional: A CDFA can help you build a forward-focused plan that prioritizes stability, liquidity, and credit health. After the Divorce: Final Financial Housekeeping Once the divorce is finalized, you usually want to tie up financial loose ends promptly by: Closing or updating all accounts per your agreement. Monitoring your credit for any surprise liabilities. Executing all title changes and transfers to avoid lingering obligations. The more proactive and thorough you are during the divorce, the smoother your post-divorce financial life will be. Dividing joint accounts, credit cards, and debt is rarely straightforward, but with the right strategy and support, it doesn’t have to derail your financial future. Whether you're in the early stages of separation or wrapping up your settlement, working with a CDFA can help you understand the real impact of each financial decision and lay the groundwork for lasting stability. Contact me to learn how I can help.", "author" : { "@type" : "Person", "name" : "Amy Mahlen", "sameAs" : "", "url" : "https://amf-divorce.com/our-blog/author/amy-mahlen" }, "dateModified" : "06/06/2025", "datePublished" : "06/06/2025", "headline" : "What Happens to Joint Accounts, Credit Cards, and Debt in Divorce?", "image" : { "@type" : "ImageObject", "height" : 400, "url" : "https://39875594.fs1.hubspotusercontent-na1.net/hubfs/39875594/Imported_Blog_Media/qtq80-fMCIZ6-300x200.jpeg", "width" : 750 }, "mainEntityOfPage" : "https://amf-divorce.com/our-blog/what-happens-to-joint-accounts-credit-cards-and-debt-in-divorce", "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "" }, "name" : "A.M. Financial", "url" : "amf-divorce.com" } } ``` ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "articleBody" : "For many divorcing couples, splitting investment accounts can be one of the most complex and emotionally charged aspects of divorce. These accounts are far more than numbers on a spreadsheet and usually represent years of planning, sacrifice, and shared goals. From a Certified Divorce Financial Analyst’s (CDFA’s) perspective, the key to a smooth division lies in proactively dividing these assets with clarity. One of the most important and overlooked steps in this process includes making sure the language in your settlement agreement accurately reflects what’s being divided, how it’s being transferred, and when to expect those transactions. In this post, we’ll dive into these specifics. Why Clear Language Matters in Investment Division Settlement agreements are legal documents, and vague or missing language can have both financial and legal consequences. Ambiguity about which investments are being transferred, how they’re being divided, or who bears responsibility for gains and losses can spark unnecessary conflict even years after your settlement. Clarity helps protect everyone involved. It helps prevent the stress of future disagreements, reduces the chance of enforcement issues, and supports a cleaner financial break, which is what most people are hoping for when they finalize a divorce. Make the Transfer Method Explicit Even beyond what is being transferred, it’s critical to determine how it’s being transferred, and the latter matters more than you may recognize. Cash versus Investments Clarifying whether one person receives a specific dollar amount, or whether a portion of the investment portfolio itself is transferred is critical to a smooth division of assets. This decision affects more than just paperwork and also can impact: Taxes: Selling investments to create cash may trigger capital gains. Liquidity: Cash might be needed for immediate expenses, but holding investments could support long-term growth. Growth Potential: Transferring investments “in-kind” allows them to continue compounding without disruption. These details should be discussed and documented before finalizing the agreement so expectations are aligned and execution is smoother. Key Elements to Include in Your Settlement Agreement When cash is being transferred as part of a divorce settlement, it’s important to include clear, specific instructions in the agreement. Start by setting a firm deadline for when the funds must be delivered. Then, define exactly how the transfer will take place. If the funds will be moved electronically, specify the account and custodian to ensure there’s no confusion. If a physical check will be issued instead, include the name of the recipient and the correct mailing address. It’s also wise to account for potential timing delays because transfers around weekends, holidays, or bank processing windows can slow things down. Building in a little cushion around timing can help prevent unnecessary stress. If Investments are Being Transferred: Use specific terminology to avoid future disputes. Three common items that should be included if transferring investments are: In-Kind Transfer: Specific investments (not cash) are moved “as-is” to the recipient’s account. This means the exact securities, the same number of shares or same positions, change hands without being sold. For clarity, it might be helpful to add that the cost basis (how much the investment was originally purchased for) will also transfer with the investment because this will play a role later whenever the investment is sold in the future. Pro-Rata Transfer: This means that each investment in the portfolio is divided proportionally based on the agreed-upon percentage of division in your final divorce agreements. Sometimes these amounts are listed in written agreements as percentages. If the division amount is listed as a dollar amount, then you will need to calculate what the percentage is based on the dollar amount agreed upon (effectively the dollar amount agreed upon divided by the account value multiplied by 100). This approach ensures fairness by preventing one party from choosing only the highest-performing assets. Gains and Losses: One often-overlooked detail in written agreements describing the division of investments is whether market gains or losses that occur between the date of the agreement and the actual date of transfer should be included or excluded. This can significantly impact what each party ultimately receives. For instance, if someone is awarded $100,000 from an account valued at $500,000, are they receiving a fixed dollar amount, or are they entitled to 20% of the account no matter what that value happens to be at the time of transfer? This distinction becomes especially important during periods of market volatility. Clearly outlining how to handle gains and losses helps maintain fairness and manages expectations on both sides, reducing the risk of disputes after the agreement is finalized. The Role of a CDFA A CDFA can be an invaluable partner throughout this process. While a CDFA doesn’t provide legal advice, a CDFA can help you: Assess tax implications of different transfer strategies Understand which assets to keep vs. liquidate Plan with an eye toward long-term financial goals, not just immediate needs Bringing a CDFA into the conversation early can help you avoid costly mistakes, feel more confident in your decisions, and navigate the process with greater clarity. When it comes to investments, details make all the difference. Taking the time to clearly define how accounts will be divided, and documenting that in your agreement, can prevent future misunderstandings and reduce stress post-divorce. Whether you’re in the early stages of negotiation or finalizing your settlement, consider bringing a CDFA into the conversation. Getting the support you need from the right professionals throughout your divorce can help your future feel a little less uncertain. Contact me today for a free consultation.", "author" : { "@type" : "Person", "name" : "Amy Mahlen", "sameAs" : "", "url" : "https://amf-divorce.com/our-blog/author/amy-mahlen" }, "dateModified" : "05/05/2025", "datePublished" : "05/05/2025", "headline" : "What to Include When Dividing Investments in Divorce", "image" : { "@type" : "ImageObject", "height" : 400, "url" : "https://39875594.fs1.hubspotusercontent-na1.net/hubfs/39875594/Imported_Blog_Media/qtq80-IC3Cpl.jpeg", "width" : 750 }, "mainEntityOfPage" : "https://amf-divorce.com/our-blog/what-to-include-when-dividing-investments-in-divorce", "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "" }, "name" : "A.M. Financial", "url" : "amf-divorce.com" } } ``` ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "articleBody" : "Retirement is a significant life event that can lead to complex financial questions, especially for those who are paying or receiving spousal support. Whether you are negotiating spousal support in an initial divorce settlement or considering modifications due to retirement, understanding the factors that influence these decisions can help you make the best choices for your financial future. In this post, we discuss the topics that might be on your mind, what you can do about spousal support changes in retirement, and how a CDFA can help. Consider Retirement in the Initial Agreement When spousal support is on the table in your divorce, or if you have been receiving it for some time, consider what will happen when the payor eventually retires. If the payor is already in their 50s at the time of divorce and planning to retire early, addressing this possibility in your decree can prevent complications later. Some couples create a maintenance plan that takes into consideration future expected pension payments and social security income. One possible solution could be to gradually decrease maintenance within a certain timeframe to accommodate a known retirement date. This type of planning can provide both parties with financial stability, remove uncertainty in the years ahead and avoid possible court and attorney involvement in the future. Understand the Modifiability of Maintenance The ability to modify spousal support depends on how it was initially structured. In Colorado, if the agreement is a contractual agreement and specifies a specific amount and term, it generally cannot be altered, even if the payor retires. However, if maintenance is based on state statutes, which is more common, it may be subject to modification when a significant change in circumstances occurs, such as retirement. Courts and your legal counsel will attempt to determine whether the retirement is reasonable, and if the payer is attempting to retire early solely to avoid paying support, the modification could be denied. Analyze Financial Impact Post-Retirement In post-divorce modifications, financial analysis can be a significant tool in helping support your case to determine whether spousal support should continue, decrease, or end. A thorough evaluation of the income, expenses, and assets of both parties can be an important step in making a case for spousal support changes. For example, in a recent case that was conducted for a post-decree matter, a financial analysis was performed and detailed multiple scenarios, including how the recipient’s assets and Social Security benefits would support them over time. The analysis also factored in whether certain assets should be included, such as property that was designated for their adult children’s use or funds set aside for the payor’s current spouse. After adjusting for these factors, the court determined that the recipient needed to continue the financial support, and the maintenance order did not change even though the payor retired at the age of 67 years old Looking Ahead Spousal support and retirement are connected, and planning ahead can make the process smoother for both parties. Addressing potential retirement in the initial divorce agreement is preferred in many cases of later-life divorce if a reasonable agreement can be made that can reduce the likelihood of disputes later. A well-documented financial analysis can provide clarity and support for fair outcomes when modifications are requested. While every case is unique, being informed about the financial and legal considerations can help both payors and recipients navigate these potential changes with greater clarity and confidence. That’s where I come in. As a CDFA, I provide a comprehensive financial analysis tailored to your situation, helping you understand the long-term impact of different scenarios. Whether you're negotiating spousal support during a divorce or seeking a fair modification post-retirement, my expertise can help give you the clarity and data needed to make informed decisions. Schedule your free consultation today.", "author" : { "@type" : "Person", "name" : "Amy Mahlen", "sameAs" : "", "url" : "https://amf-divorce.com/our-blog/author/amy-mahlen" }, "dateModified" : "02/04/2025", "datePublished" : "02/04/2025", "headline" : "How to Handle Spousal Support When the Payor Retires", "image" : { "@type" : "ImageObject", "height" : 400, "url" : "https://39875594.fs1.hubspotusercontent-na1.net/hubfs/39875594/Imported_Blog_Media/qtq80-TPHjzr.jpeg", "width" : 750 }, "mainEntityOfPage" : "https://amf-divorce.com/our-blog/how-to-handle-spousal-support-when-the-payor-retires", "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "" }, "name" : "A.M. Financial", "url" : "amf-divorce.com" } } ``` ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "articleBody" : "If you're a divorced parent or currently going through a divorce, the college application process can be particularly confusing. Applying for colleges, scholarships, and financial aid is complicated enough, and the recent changes to the Free Application for Federal Student Aid (FAFSA) have added new challenges. In this post, we’ll break down the latest updates and provide clarity on how these changes may affect your financial planning for your child's education. What is the FAFSA? The Free Application for Federal Student Aid (FAFSA) is a form that students and parents across the United States fill out to determine their eligibility for student financial aid. This aid includes federal grants, work-study, tuition-free college, and loans. It's a crucial step in securing financial support for college. What’s Recently Changed About the FAFSA? Starting with the 2024-25 award year, significant changes have been made to how divorced or separated parents report their information on the FAFSA. Previously, the parent with the most overnights was responsible for completing the FAFSA. However, this is no longer the case. Here's what you need to know: Step 1: Determining the Parent of Record The primary criterion for determining which parent completes the FAFSA has shifted from living arrangements to financial support. The parent who provides the most financial support over the 12 months prior to filing the FAFSA is now the parent of record, regardless of where the student lives. Specifically, the “parent of record” is the individual who provided more than 50% of the student's financial support in the past year, even if the student does not live with that parent. If neither parent provided support in the 12 months prior to filing the FAFSA, the “parent of record” is the parent who provided greater support during the most recent year that the student received financial support from a parent. The official “parent of record” is self-reported on the FAFSA. Schools typically will not verify this unless there is conflicting information. Child Support Considerations Child support payments play a crucial role in determining the “parent of record”. For example, if the mother pays child support to the father, this amount is considered part of the mother’s financial support for the student. If this, combined with other support, exceeds 50% of the total support for the student, the mother becomes the “parent of record” on the FAFSA. Step 2: Provide Financial Information to FAFSA The parent of record will provide their information on the FAFSA forms. If both parents provide equal amount of support, the parent with the higher income and assets will report their financial information. Remarried Parents If the parent of record has remarried, the new spouse's income and assets must be included in the FAFSA calculations for the “parent of record” during Step 2. This can be significant because it can have a profound effect on the financial picture and ultimately the amount of aid the student is eligible to receive. During Step 1, only the biological parents' financial contributions to the child are considered when determining the “parent of record” and the new spouse’s income is only relevant after that determination has been made. The “parent of record” is determined by looking only at each individual biological parent’s financial support without regard to any stepparent's income or support. After that determination is made, if the “parent of record” is remarried, the spouse’s/stepparent’s income and assets are included on the FAFSA. In a scenario where both of the biological parents have remarried, the new spouse’s/stepparent’s support is not included when determining the “parent of record”, but the new spouse of the “parent of record” is included on the FAFSA. How Does This Impact You as a Divorced Parent? Potential Reduction in Financial Aid Most likely the higher earner is now required to fill out the FAFSA, and therefore there’s a possibility that your child may qualify for less financial aid. This change is particularly impactful if the higher-earning parent is not the one the child lives with primarily, or has fewer overnights. Cooperation Between Parents The need for the higher-earning parent to complete the FAFSA can introduce challenges, especially if the relationship between the divorced parents is strained. Ensuring that this parent cooperates and provides the necessary financial information on time is crucial for the financial aid process. Individuals and family law attorneys may want to include provisions in divorce agreements stating that the parties agree to work together and provide required financial information needed for their child’s college financial aid process. Strategic Financial Planning Given these changes, strategic financial planning becomes even more important. Here are some steps you can take: Early Communication: Start discussions with your ex-spouse well before the FAFSA filing deadline to ensure all required information is gathered. Fill out the application as early as possible. Consult a Financial Planner: A professional can help you understand how these changes impact your specific situation and offer strategies to maximize your child’s financial aid and tuition free college eligibility. Review Financial Contributions: Keep detailed records of financial contributions to help with accurate reporting on the FAFSA. Navigating the FAFSA as a divorced parent has always had its complexities, but understanding the recent changes can help you better prepare and plan for your child's education expenses. The shift to considering financial support over living arrangements means that both parents need to communicate and cooperate more effectively. By staying informed and proactive, you can help ensure that your child receives the financial support they need for their college journey. For more detailed guidance and personalized advice, don’t hesitate to reach out to a financial planner who can assist you in navigating these changes. More information about Colorado’s tuition-free College Options can be found here.", "author" : { "@type" : "Person", "name" : "Amy Mahlen", "sameAs" : "", "url" : "https://amf-divorce.com/our-blog/author/amy-mahlen" }, "dateModified" : "08/07/2024", "datePublished" : "08/07/2024", "headline" : "FAFSA Changes for Divorced Parents: What You Need to Know", "image" : { "@type" : "ImageObject", "height" : 400, "url" : "https://39875594.fs1.hubspotusercontent-na1.net/hubfs/39875594/Imported_Blog_Media/qtq80-oBtQaY-2048x1365-1.jpeg", "width" : 750 }, "mainEntityOfPage" : "https://amf-divorce.com/our-blog/fafsa-changes-for-divorced-parents-what-you-need-to-know", "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "" }, "name" : "A.M. Financial", "url" : "amf-divorce.com" } } ``` ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "articleBody" : "If you’ve made the decision to get a divorce, you may wonder where to start the intricate and emotionally-charged process. Beginning with a clear understanding of your goals and priorities can significantly impact the outcomes and ease the journey ahead. This post provides guidance on how to establish this clarity before your divorce proceedings begin. Get Clear on Priorities Uncertainty can complicate the divorce process. If you're unclear about your priorities, it becomes challenging to articulate your needs and negotiate effectively. Taking time to get specific, realistic, and clear-headed about your priorities is pivotal for successful negotiations. Consider using this worksheet as a framework to document what’s most important to you during this time, including your priorities around: Property Finances Children Completing this before the divorce begins, during a less emotional period, provides a solid foundation for decision-making. If you can also understand your spouse’s top priorities, you may be able to reach agreements faster. Establish Goals Understanding what truly matters to you is key to establishing goals for your division of property, investments, debts, and parenting plans. Focus on critical aspects that align with your long-term well-being rather than attempting to attain everything or focusing too much on your short-term needs. For example, while ensuring that your spouse is paying the mortgage this month might be top of mind for you, work with professionals to consider what you need in the parenting plan long-term to ensure your children continue to have a meaningful relationship with both parents. Take your goals a step further by understanding, to the best of your ability, what each of your goals entails and how you can reach them. For example, if refinancing or purchasing a home is your goal post-divorce, understanding requirements for mortgage lending and building a future budget will be important. By having a few clear goals, you can identify what is non-negotiable and what you're willing to compromise on during legal negotiations.Working with a financial professional can also help you understand what long-term financial wins truly mean and how to balance those with short-term financial needs. Align on Strategy Collaborate with your attorney and other professionals to develop a strategy that aligns with your goals. As mentioned, flexibility is key during negotiations, so craft an approach that emphasizes deeper interests rather than rigid stances. For instance, if you are seeking spousal support until your children reach a certain age, explore alternative ways to bridge any income gap rather than assuming it's solely your ex-spouse's responsibility. Navigating the complexities of divorce becomes more manageable when you establish clear goals and priorities from the outset. This clarity empowers you to make informed decisions, negotiate effectively, and work towards a future aligned with your long-term vision. By approaching your divorce with clarity and purpose, you pave the way for a more stable and empowered future.To support the process, use our worksheet as a starting point for setting and prioritizing your interests during divorce. For more personalized guidance, reach out to us for a free consultation.", "author" : { "@type" : "Person", "name" : "Amy Mahlen", "sameAs" : "", "url" : "https://amf-divorce.com/our-blog/author/amy-mahlen" }, "dateModified" : "02/02/2024", "datePublished" : "02/02/2024", "headline" : "Establishing Goals and Priorities for Your Divorce Before It Starts", "image" : { "@type" : "ImageObject", "height" : 400, "url" : "https://39875594.fs1.hubspotusercontent-na1.net/hubfs/39875594/Imported_Blog_Media/qtq80-Ue7fIJ.jpeg", "width" : 750 }, "mainEntityOfPage" : "https://amf-divorce.com/our-blog/establishing-goals-and-priorities-for-your-divorce-before-it-starts", "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "" }, "name" : "A.M. Financial", "url" : "amf-divorce.com" } } ``` ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "articleBody" : "Starting a new chapter in life, especially when it involves a significant change like divorce, involves both emotional and logistical considerations. If you find yourself waiting for the new year to officially initiate your divorce, this period of anticipation can be both daunting and empowering. While you're preparing for this significant life change, there are several proactive steps you can take to navigate the waiting period. In this blog post, we’ll discuss eight things you can do to be both prepared for the logistics of what’s to come and more resilient to the emotional roller coaster that often accompanies divorce. 1. Start Gathering Financial Information As the year draws to a close and conversations about finances become more commonplace due to the holiday season, take advantage of this time to collect essential financial information. Engage in open discussions with your spouse about assets, debts, income, and expenses. Keep track of any year-end bonuses and gather documents that might only come annually. 2. Begin Thinking About Taxes You likely receive important tax information toward the end of the year. Keep an eye out for these necessary tax documents that you may need once you file for divorce. If you are working, consider consulting a financial professional to learn whether you should adjust payroll withholdings in the new year due to the circumstances surrounding your impending divorce. For example, you may have previously withheld more money because you liked having a large refund at tax time. Under your new circumstances, you may need this extra money throughout the year to pay for costs related to your divorce or new living situation. 3. Conduct a Security Screen Prioritize the security of your personal information by changing passwords to individual accounts, email, and social media. Consider creating a new email account specifically designated for divorce-related communication to ensure your privacy during this time. 4. Open Individual Bank and Credit Accounts Prepare for financial autonomy by setting up individual bank and credit accounts. Not only is this an empowering step in your divorce journey, having your own accounts can also aid in managing holiday expenses and serve as a financial buffer for potential divorce-related costs in the future. Establishing these accounts early also takes one thing off your post-divorce to-do list and allows you to securely start collecting maintenance or child support payments as soon as agreements are made. 5. Make a List of Divorce Professionals to Interview Couples who engage with divorce professionals often report higher satisfaction with the outcomes of their decree. Research and compile a list of attorneys, divorce coaches, and financial professionals that will support the outcomes you desire. Seek referrals from trusted sources or, if you are comfortable, gather information during social gatherings. Read reviews on sites ranging from Google to Facebook, and begin to screen professionals by reading their website and blog. 6. File if Needed When a relationship is strained, the holiday season can exacerbate the pressure, and become a burden to both you and your family. If your safety or well-being is at risk due to abuse or domestic violence, prioritize your protection by filing for divorce before the holidays pass. Your safety should always be a top priority. 7. Engage in Making Memories Alongside both holiday and divorce preparations, take time for yourself and your loved ones. Engage in activities that bring joy and create positive memories. Start new traditions based on what authentically brings you happiness during this time of year. Seek out the company of friends or simply treat yourself to gifts and experiences that support your emotional well-being. Confide in trusted friends, family, or professionals to navigate the emotional challenges that come with preparing for divorce. 8. Prioritize Self-Care Finally, amidst the whirlwind of preparations and emotions, don’t forget to prioritize self-care. Notice when you feel calm and healthy in your life and choose more activities that support those emotions. Don’t be afraid to say “no” to certain gatherings that might not feel appropriate with your divorce on the horizon. Prioritize self-care instead of saying “yes” to all the holiday party invitations to ensure that you start the new year feeling energised and grounded, rather than overcommitted or burned out. Divorce, as with any major life change, requires thoughtful planning and emotional resilience. By taking these proactive steps while waiting for the new year to initiate the divorce process, you are setting a solid foundation for the journey ahead. To prepare for the financial aspects of your divorce, contact Amy Melander, , who works with couples and individuals facing challenging financial decisions during the divorce process. Amy works to understand your unique priorities, and builds your financial roadmap, helping you make informed decisions for your future. Schedule your free consultation today.", "author" : { "@type" : "Person", "name" : "Amy Mahlen", "sameAs" : "", "url" : "https://amf-divorce.com/our-blog/author/amy-mahlen" }, "dateModified" : "01/12/2023", "datePublished" : "01/12/2023", "headline" : "8 Things To Do if You Are Waiting for the New Year to Divorce", "image" : { "@type" : "ImageObject", "height" : 400, "url" : "https://39875594.fs1.hubspotusercontent-na1.net/hubfs/39875594/Imported_Blog_Media/qtq80-UUhAvS-1536x1024.jpeg", "width" : 750 }, "mainEntityOfPage" : "https://amf-divorce.com/our-blog/8-things-to-do-if-you-are-waiting-for-the-new-year-to-divorce", "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "" }, "name" : "A.M. Financial", "url" : "amf-divorce.com" } } ```